 "Essar, Modi, RBI")
Ruias want to pay up, bid for Essar Steel
The Essar Group is planning to pay its dues to lenders so that it can take part in the bidding process for its steel plant in Hazira, Gujarat. Tata Steel, ArcelorMittal and others are reportedly keen to acquire it.The group has sought clarification from lenders on the overdue interest so that it can pay it and submit its bid by December-end, said a lender. Read more
RBI builds $31-bn forwards position as dollar tide rises
The Reserve Bank of India (RBI) has built up a $31-billion position in
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